True North Advisors LLC Invests $15.62 Million in Schwab US Broad Market ETF $SCHB

True North Advisors LLC bought a new position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 595,340 shares of the company’s stock, valued at approximately $15,616,000. Schwab US Broad Market ETF makes up about 2.0% of True North Advisors LLC’s holdings, making the stock its 10th biggest holding.

Other large investors have also modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $27,000. Wiser Advisor Group LLC purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $29,000. First Pacific Financial purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $51,000. LGT Financial Advisors LLC purchased a new stake in shares of Schwab US Broad Market ETF during the third quarter worth $52,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Schwab US Broad Market ETF during the fourth quarter worth $64,000.

Schwab US Broad Market ETF Stock Up 0.5%

Schwab US Broad Market ETF stock opened at $26.25 on Friday. Schwab US Broad Market ETF has a 52-week low of $19.57 and a 52-week high of $26.94. The firm has a market capitalization of $38.60 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The company has a fifty day simple moving average of $25.99 and a 200-day simple moving average of $26.09.

Schwab US Broad Market ETF Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available. The types of derivatives used by the Fund are options, futures, options on futures and swaps.